RATE Group | Pandora Boxchain Inalienable Reputation Token is for Ethereum Blockchain
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Pandora Boxchain Inalienable Reputation Token is for Ethereum Blockchain

16 Sep Pandora Boxchain Inalienable Reputation Token is for Ethereum Blockchain

Posted at 23:27h in Ethereum News by

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Pandora Boxchain Develops Reputation Token

Maxim Orlovsky, the co-founder of Pandora Boxchain announced that the Pandora Boxchain team has developed a reference implementation of the ERC1329 token. This token is available on GitHub. He continued saying that this token is not a replacement of the normal tokens that have a market price and an economic value, but are an addition to them. He said that these tokens are sometimes, but not always required to create a reliable and secure incentivization system.

The Importance Of The Reputation Token

Developers need to use multi stage/repeated games (relating to game theory) when building P2P networks that are trustless and decentralized. In such a situation, reputation tokens act as the measure that assist developers build economic incentivization schemes for a particular economic game. This reputation operates as the binding factor that brings together the actor responsibility over the time, and enables an environment to use the powers…

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